Romania's SNP Petrom, in which OMV of Austria took a controlling stake last year, will invest¤200 million ($247 million) in exploration and production this year, writes Vahe Petrossian. Petrom and OMV ...

Produção de Petróleo e Gás Ltda. (Petrom) has concluded the purchase of a Petróleo Brasileiro SA’s (Petrobras) 50% stake in onshore Rabo Branco field in the Sergipe-Alagoas basin, Sergipe, Brazil.

ROMANIA'S Petrom is undergoing a massive structural change as it makes the transition from a former state-owned giant to a Western-style oil company now part of Austria's OMV Group since its take-over ...

LONDON--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank N.A., has been appointed by OMV Petrom S.A. (“OMV Petrom”), the largest oil and gas group in Southeastern Europe, as ...